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Enthusiasm in small and midcaps, but investors should be cautious: Mohit Nigam

Mohit Nigam says that investors should bet on such stocks which are fundamentally strong despite Kovid-19.

Enthusiasm in small and midcaps but investors should be cautious

Mohit Nigam of Hem Securities Says that along with small-medium stocks, largecap stocks that have been under pressure for a long time (from 2-3 years) are showing enthusiasm at this time.

Talking on the market, he further said that we are bullish on the market in view of the decline in corona cases and gradual unlocking as well as the improvement in the market sentiments. He further said that After crossing the 15,800 level, Nifty can make a new high of 16,000.

In a conversation with Moneycontrol, he further said that along with small-medium stocks, large-cap stocks that have been under pressure for a long time (from 2-3 years) are showing enthusiasm at this time.

Mohit Nigam says that investors should bet on such stocks which are fundamentally strong despite Kovid-19. This will help you to balance your portfolio with good risk management.

He further said that at present, mid and small cap companies are adopting a more growth oriented approach, due to which small-cap stocks are showing enthusiasm. Small cap funds show signs of recovery in an economy. In the event of high liquidity in the market, small-medium stocks show a rise, but now investors should be cautious about the stocks of this sector.

He further said that in small-medium stocks, where there is huge potential for growth on one side. At the same time, the risk is also high in them. Investors should keep this in mind.

He further said that this time the increasing share of retail investors has also contributed in taking the market to new heights. He further said that the shares of power and power utility companies have seen a very good rally in the recent past. All the big power companies are looking at all time high on BSE.

With unlocking, there is a steady increase in energy consumption. Apart from this, the reforms being done in the power sector are also having an impact on this sector. Soon the government will also start implementing the announcements made for the power sector in the budget 2022, due to which the stocks related to this sector have gained momentum.

Mohit Nigam Investment Advice

IEX- Mohit Nigam says that this company is India’s largest energy exchange. For the last 5 years, the company’s earnings have been showing a growth of 11 percent on a yearly basis. With Reform in Power Industries IEX There is an increased potential for growth.

Shakti Pumps They say that Shakti Pumps is the leading company of solar pump space. The company can be seen getting good benefits from PM Kusum Yojana, keeping in mind that it is advisable to invest in this stock.

Borosil Renewables- It is the only company to manufacture solar glasses in the country. This stock will see good gains ahead of PLI scheme, Make in India and Anti dumping duty.

Escorts – It is one of the leading tractor manufacturers in the country which manufactures 12 HP to 120 HP tractors. The company has a market share of 11.3%. For the first time in 2021, the company has sold more than 1 lakh tractors. The company is going to start exporting the e-Kubota brand through Kubota from the fourth quarter of FY 2021 in 4 more countries of the world. Looking at all this, the business of the company is expected to increase further.

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